Thursday 9 January 2014

COMMODITY MARKET TREND - 10 JANUARY 2014

BASE METAL WRAP: Copper futures fell the most in eight weeks amid signs of a slowing economy in China and speculation that the Federal Reserve will curb U.S. monetary stimulus, damping prospects for metal demand.
ENERGY WRAP: Natural gas futures in New York tumbled the most in eight months as meteorologists predicted a period of warmer weather after this week’s arctic chill. West Texas Intermediate crude fell to an eight-month low on surging output, ample supply and reduced fuel use in the U.S., the world’s biggest oil-consuming country.
PRECIOUS METAL WRAP: Gold climbed before U.S. jobs data as investors weighed the outlook for physical demand against speculation that the Federal Reserve may make further cuts to stimulus. Silver pared the biggest weekly loss since November.
GLOBAL EVENTS TO WATCH: Trade Balance, CPI m/m, Manufacturing Production m/m, Employment Change, Unemployment Rate, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, NIESR GDP Estimate, IBD/TIPP Economic Optimism, Wholesale Inventories m/m.
 
 

Agri Commodity Market Update
---------------------------
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3015
SUP2:2950
RESIST1:3094   
RESIST2:3134
TRADING STRATEGY: SELL ON RISE

 Free Trials
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12370
SUP2:12270
RESIST1:12950
RESIST2:13540
TRADING STRATEGY: SELL ON RISE

 Free Trials
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6510
SUP2:6370
RESIST1:6940
RESIST2:7250
TRADING STRATEGY: SELL ON RISE

 Free Trials
CS SOYABEAN (FEB.) OVERVIEW:
TREND BEARISH
SUP1:3600
SUP2:3530
RESIST1:3710
RESIST2:3752
TRADING STRATEGY: SELL ON RISE

 Free Trials
Bullion Commodity Market Update.
----------------------------
CS COPPER (FEB.) OVERVIEW:
TREND BEARISH
SUP1:451
SUP2:443
RESIST1:457
RESIST2:462
TRADING STRATEGY: SELL ON RISE

 Free Trials
CS CRUDE (JAN.) OVERVIEW:
TREND BEARISH
SUP1:5650
SUP2:5570
RESIST1:5785
RESIST2:5874
TRADING STRATEGY: SELL ON RISE

 Free Trials
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28670
SUP2:28490
RESIST1:29060
RESIST2:29280
TRADING STRATEGY: SELL ON RISE

 Free Trials
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430  
RESIST1:45740
RESIST2:46700
TRADING STRATEGY: SELL ON RISE
 Free Trials
 

2 comments :

  1. Hello There. I discovered your weblog using msn. This is a very neatly written article. I will be sure to bookmark it and return to read more of your useful info. Thanks for the post. I’ll definitely comeback.For more tips click here... http://goo.gl/dQi0IO

    ReplyDelete
  2. Thanks richa !!!
    Knowing that nice of you to think that you adored Hnera this blog.
    So - thank you very much for reading the blog. ......
    commodity Tips

    ReplyDelete

Your Comment Will Be Submitted!!!!